8 Jan 2015
SEB: AUD/USD might make a quick move towards 0.8216 – eFXnews
FXStreet (Barcelona) - The eFXnews Team note SEB anticipates AUD/USD to make a quick move towards 0.8216 if it breaks above the November top line.
Key Quotes
“With five waves down from the wave 4 peak, a developing falling wedge (terminating pattern) and a possible bullish divergence are all factors that speaks in favor of considering taking profit on shorts. A break above the November top line will probably trigger buying and a quick move to 0.8216. Also our fulfilled AUD/NZD target helps forming a base for the AUD.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“With five waves down from the wave 4 peak, a developing falling wedge (terminating pattern) and a possible bullish divergence are all factors that speaks in favor of considering taking profit on shorts. A break above the November top line will probably trigger buying and a quick move to 0.8216. Also our fulfilled AUD/NZD target helps forming a base for the AUD.”
This content has been provided under specific arrangement with eFXnews.